Ciena
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

202520252026
Price/Earnings ratio
51.4439.5434.85
Price/Sales ratio
3.162.762.97
Earnings per Share (EPS)
$1.71$2.23$2.53

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
245.0136.922.39-12.5622.8016.8216.8547.7123.98110.2641.9022.80
Price/Sales ratio
1.161.031.071.391.611.722.322.001.392.301.991.61
Price/Book Value ratio
4.603.491.412.242.662.422.792.682.143.282.702.66
Price/Cash Flow ratio
10.909.2512.8518.8913.9912.3115.56-43.4936.3017.99-20.2712.31
Price/Free Cash Flow ratio
14.2914.7021.5326.7916.4814.7818.24-28.2198.3417.99-16.2014.78
Price/Earnings Growth ratio
-1.930.080.000.09-0.130.380.44-0.690.34-1.66-0.630.38
Dividend Yield
N/AN/AN/A7.04%N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
43.97%44.66%44.46%42.48%43.16%46.79%47.55%42.95%42.83%42.82%42.45%46.79%
Operating Profit Margin
4.10%6.00%7.66%7.43%9.70%13.78%13.68%6.13%8.15%4.14%7.43%13.78%
Pretax Profit Margin
0.97%3.33%5.57%4.80%8.76%12.90%12.78%5.02%7.37%2.98%5.95%12.90%
Net Profit Margin
0.47%2.79%45.04%-11.13%7.09%10.22%13.81%4.20%5.80%2.09%4.76%10.22%
Effective Tax Rate
50.90%16.29%-708.29%331.67%19.07%20.76%-8.09%16.22%21.26%29.94%19.87%19.07%
Return on Assets
0.43%2.51%31.93%-9.17%6.50%8.64%10.28%3.01%4.54%1.48%3.23%8.64%
Return On Equity
1.87%9.47%59.07%-17.86%11.66%14.39%16.56%5.63%8.94%2.98%6.66%14.39%
Return on Capital Employed
4.95%7.84%7.36%8.23%11.37%14.23%12.52%5.53%7.65%3.58%6.14%14.23%
Liquidity Ratios
Current Ratio
2.792.251.932.222.813.43N/AN/AN/AN/A3.692.81
Quick Ratio
2.502.021.671.952.402.973.092.342.702.722.342.97
Cash ratio
1.180.870.610.771.061.431.560.951.080.931.031.43
Days of Sales Outstanding
82.2080.8781.0592.7782.6583.2199.42108.1998.8182.60116.5782.65
Days of Inventory outstanding
50.9253.5862.6653.8962.0366.8871.94166.74152.95130.46194.3362.03
Operating Cycle
133.12134.46143.72146.66144.69150.09171.37274.94251.76213.06223.08144.69
Days of Payables Outstanding
59.1759.8461.0169.8561.9956.6968.4690.8946.2667.3278.9361.99
Cash Conversion Cycle
73.9474.6182.7076.8182.6993.40102.90184.05205.50145.7385.5682.69
Debt Ratios
Debt Ratio
0.470.430.230.180.170.160.130.210.270.040.490.17
Debt Equity Ratio
2.051.640.430.350.310.270.220.390.540.080.990.31
Long-term Debt to Capitalization
0.670.570.210.260.230.210.180.280.350.060.350.23
Total Debt to Capitalization
0.670.620.300.260.240.210.180.280.350.070.360.24
Interest Coverage Ratio
2.632.924.274.5810.0016.39N/AN/AN/AN/A5.2616.39
Cash Flow to Debt Ratio
0.200.220.250.330.600.720.79-0.150.102.16-0.230.72
Company Equity Multiplier
4.343.761.841.941.791.661.611.861.962.001.991.79
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.110.080.070.110.130.14-0.040.030.12-0.090.13
Free Cash Flow / Operating Cash Flow Ratio
0.760.620.590.700.840.830.851.540.3611.250.84
Cash Flow Coverage Ratio
0.200.220.250.330.600.720.79-0.150.102.16-0.230.72
Short Term Coverage Ratio
104.841.220.6632.7559.0271.2378.15-24.2014.3819.67-10.8471.23
Dividend Payout Ratio
N/AN/AN/A-88.52%N/AN/AN/AN/AN/AN/AN/AN/A